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Tag: state

Norway's state fund 'needs to drop oil and gas investments'

Norway's state fund 'needs to drop oil and gas investments'

Business
Norway's government has been told its state-run fund should drop its investments in oil and gas stocks.Norges Bank manages Norway's $ 1 trillion (£758bn) sovereign wealth fund on behalf of the government.It said the step would make the country "less vulnerable to a permanent drop in oil and gas prices", and its advice was not based on a price forecast or the sector's sustainability.Around 6% of the fund, worth £28bn, is invested in oil and gas stocks."This advice is based exclusively on financial arguments and analyses of the government's total oil and gas exposure," said the bank's deputy governor Egil Matsen.Norges Bank's proposal must now be reviewed by Norway's Finance Ministry, which has said it will announce its own view in the autumn of next year.If it decides to back the central ba
Raytheon sale of AMRAAMs to Norway approved by State Department

Raytheon sale of AMRAAMs to Norway approved by State Department

Business
Nov. 15 (UPI) -- The State Department announced Wednesday the possible foreign military sale of 60 Raytheon-produced AIM-120 C-7 Advanced Medium Range Air-to-Air Missiles, or AMRAAM, and four AMRAAM guidance section spares to the government of Norway.The contract, if approved by Congress, who was notified of the potential sale on Tuesday, will be worth an estimated $ 170 million.Officials at the State Department said the deal will also include "missile containers, weapon system support, support equipment, spare and repair parts, publications and technical documentation, personnel training, training equipment, U.S. Government and contractor engineering, logistics, technical and support services, and other related elements of logistics and program support."On Monday, military and industry le...
No. 13 Ohio State crushes No. 12 Michigan State

No. 13 Ohio State crushes No. 12 Michigan State

Sports
COLUMBUS, Ohio -- No. 13 Ohio State rebounded in emphatic fashion from a stunning loss a week earlier, rolling to a 48-3 victory over No. 12 Michigan State on Saturday at Ohio Stadium. The Buckeyes raced to a 35-0 lead midway through the second quarter. After the Buckeyes were humiliated in a 55-24 pounding at Iowa the previous Saturday, they did the same to the Spartans and moved into the driver's seat for the Big Ten East Division title and a berth in the Big Ten Championship Game next month. Mike Weber broke long runs of 47 yards and 82 yards for touchdowns, and J.T. Barrett ran for a touchdown and threw for one in a dominant opening half that ended with the Buckeyes (8-2, 6-1 Big Ten) up 35-3. Ohio State continued to pile on points in the second half. Barrett threw a 48-yard touchdown ...
As Secretary of State, John Kerry blamed Israel for lack of peace with Palestine: Reports

As Secretary of State, John Kerry blamed Israel for lack of peace with Palestine: Reports

World
Nov. 8 (UPI) -- Israel's Channel 10 published recordings Tuesday of former Secretary of State John Kerry blaming Israel for the lack of peace between it and Palestine.The recordings are said to have been made during a conference in Dubai in 2016. Kerry is heard praising the Palestinian Authority for its commitment to nonviolence while the majority right-wing Israeli government refuses to engage in peace talks."The Palestinians have done an extraordinary job of remaining committed to nonviolence. And in fact when the [knife] intifada took place they delivered non-violence in the West Bank," Kerry said, referring to a wave of violence in 2015 through 2016, in which mostly Palestinian suspects attacked Israelis with knives."This is overlooked by the general [Israeli] population because it is ...
State Department approves $1.1B contract for support of Qatari F-15QA aircraft

State Department approves $1.1B contract for support of Qatari F-15QA aircraft

Business
Nov. 3 (UPI) -- The State Department announced Wednesday a possible foreign military sale of F-15QA multi-role fighter aircraft program support services to Qatar for a total estimated cost of $ 1.1 billion.State Department officials said that the potential foreign military sale supports the "foreign policy and national security objectives of the United States," as "Qatar is an important force for political stability and economic progress in the Persian Gulf region."The $ 1.1 billion dollar contract is for multiple construction services, cybersecurity and force protection infrastructure in support of Qatar's McDonnell Douglas F-15 Eagle fleet. Ten U.S. government civilians will also work directly with Qatar to support construction, cybersecurity and force protection efforts there.The State ...